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Ministry of Finance releases ₹45,000 crore as additional devolution to States in FY 2020-21

Apr 1, 2021

The Ministry of Finance, Government of India, released ₹45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21. As per RE 2020-21, ₹5,49,959 crore, being 41% of the shareable pool of taxes and duties were estimated to be released to the States. However, Ministry of Finance has devolved an amount…

GST Revenue collection for March’ 21 sets new record

Apr 1, 2021

The gross GST revenue collected in the month of March 2021 is at a record of ₹ 1,23,902 crore of which CGST is ₹ 22,973 crore, SGST is ₹ 29,329 crore, IGST is ₹ 62,842 crore (including ₹ 31,097 crore collected on import of goods) and Cess…

Noida - Greater Noida - Yamuna Expressway

Travel & Tourism industry gets much-needed push from SATTE 2021 at India Expo Mart

Apr 1, 2021

Greater Noida: SATTE 2021 - South Asia's leading Travel and Tourism Event was recently organized during 24th March to 26th March at Greater Noida's India Expo Mart. The trade fair was inaugurated by Tourism Ministry Secretary Arvind Singh…

Business

Indian Handicrafts exporters trade with buyers of Latin American & Caribbean Countries in EPCH…

Apr 1, 2021

New Delhi – 1st April’ 2021 - Export Promotion Council for Handicrafts (EPCH) in association with Indian Embassies in Latin American & Caribbean Countries (LAC Region) organized the virtual buyer seller meet of Indian Handicrafts…

Business

Reserve Bank of India imposes monetary penalty on The Citizens Co-operative Bank Ltd., Rajkot…

Apr 1, 2021

The Reserve Bank of India (RBI) has imposed, by an order dated March 26, 2021, a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on The Citizens Co-operative Bank Ltd., Rajkot (Gujarat) (the bank) for contravention of directions…

Business

India’s International Investment Position (IIP), December 2020

Apr 1, 2021

Today, the Reserve Bank released data relating to India’s International Investment Position at end-December 2020. Key Features of India’s IIP in December 2020 Net claims of non-residents on India increased by US$ 3.1 billion from…

Business

ONGC Foundation donates defrizzers and refrigerators to aid vaccine rollout

Mar 31, 2021

Covid vaccine rollout is currently underway in the country on a mass scale. The government is collaborating with social organisations to get the vaccine out to the population. The vaccine is administered to citizens in a sequential way…

Business

Meeting Schedule of the Monetary Policy Committee for 2021-2022

Mar 31, 2021

As per Section 45 Z I of Reserve Bank of India Act, 1934, it has been decided that the Monetary Policy Committee will meet during 2021-22 on the dates as indicated below: Dates of meetings of Monetary Policy Committee for 2021-22…

Business

Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning April 1, 2021

Mar 31, 2021

The Reserve Bank of India has today communicated that the applicable average base rate to be charged by Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning April 1, 2021 will…

Business

Money Market Operations as on March 30, 2021

Mar 31, 2021

Money Market Operations as on March 30, 2021 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight…

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